It is impolite to answera question with a question. But I still wonder why you are so keen on an implosion (unlikely) is there someone in the US you hope gets foreclosed? Will a debarcle in the subprime help your business?

It is impolite to answera question with a question. But I still wonder why you are so keen on an implosion (unlikely) is there someone in the US you hope gets foreclosed? Will a debarcle in the subprime help your business?

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apologies.

my reasoning is this:

i thought this was a problem from a few weeks ago but the usual wall st spin was put on it and now it is finally exposed as a crock of shit i hope the that justice is finally served up to these idiots.

honestly, if i hear another person say this problem is contained im gonna puke.

wake up fed , bernanke ,cnbc and wall st this is serious stuff.

if something is valued at zero there has to be a bigger piture problem here.

this is all being swept under the carpet.

bernanke just refuses to believe it.

if housing and construction and easy credit have been the arguement for the boom of the last 5 years then this has got to be the reversal trade from hell.

bottom line is stocks will have to price in a recession at some point as subprime implodes and reaches the main housing market and credit markets.

whoever else are holding similar subprime debt at the moment must be reading this news and shitting a brick.